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Section 368 of Companies Act: apex court rules ex parte application for restraining proceedings is valid

The Federal Court s decision in the case of
Mansion Properties Sdn Bhd v Sham Chin Yen,(1) regarding applications made by a company or its creditors under Section 368 of the Companies Act 2016 to restrain proceedings against the company under a proposed scheme of arrangement appears to be a welcome decision. It has provided clarity on the previously rather ambiguous procedure to be adopted when making such applications.
Facts
The appellant, Mansion Properties Sdn Bhd, the developer of a housing project known as D Maison, failed to deliver vacant possession of the condominium units of D Maison within the stipulated time. The respondents, purchasers of the condominium units, filed a claim against the appellant for liquidated ascertained damages in 2017. ....

Mansion Properties Sdn Bhd , Federal Court , Sham Chin Yen , Companies Act , Law Firms , Law Updates , Legal Updates , Legal Developments , Law Developments , Legal Newsletters , Legal Current Awareness , Legal Advisers , Legal Advisors , Legal Directory , மாளிகை ப்ராபர்டீஸ் ஸ்டன் ப்ட் , கூட்டாட்சியின் நீதிமன்றம் , ஷாம் கன்னம் யென் , நிறுவனங்கள் நாடகம் , சட்டம் நிறுவனங்கள் , சட்டம் புதுப்பிப்புகள் , சட்டப்பூர்வமானது புதுப்பிப்புகள் , சட்டப்பூர்வமானது முன்னேற்றங்கள் , சட்டம் முன்னேற்றங்கள் , சட்டப்பூர்வமானது செய்திமடல்கள் , சட்டப்பூர்வமானது தற்போதைய விழிப்புணர்வு , சட்டப்பூர்வமானது அடைவு ,

The Edge Court Judgments Report

This monthly report is compiled and briefly summarised by a group of lawyers on a voluntary basis for the benefit of readers of The Edge.
Please consult your own lawyers if you need advice on the cases, issues and related matters highlighted here.

Federal Court (‘FC’) sets guidelines with respect to its power to review its own decisions
The FC, being the apex Court of the country, is not bound by its own decisions. In hearing an appeal proper, the FC may depart from its earlier decisions. In reviewing its own decisions, the FC must be satisfied that the case is fit for review in that it falls within the limited grounds and very exceptional circumstances. Examples include coram failure or the panel of the FC was improperly constituted, breach of natural justice, or when bias is established. These examples fall within the meaning of ‘manifest miscarriage of justice’. To expand the category of cases beyond ‘manifest miscarriage of justice’, or giving a ....

Azahar Mohamed , Rodzariah Bujang , Rohana Yusuf , V Chai Weng , Pertuan Agong , Mohd Zawawi Salleh , Hasnah Mohammed Hashim , Badariah Sahamid , Yong Tshu Khin , Hamid Sultan , Harmindar Singh Dhaliwal , Mansion Properties Sdn Bhd , High Court , Federal Court , Seven Motions , Dahan Cipta Sdn Bhd , Common Point , Specific Points , Tun Md Raus , Chief Justice , Tan Sri Zulkefli Makinuddin , Additional Judge , Tengku Maimun , Zabariah Yusuf , Tan Boon Lee , Tan Wei Hong ,